Goldman Sachs warns that a US government shutdown is likely to occur in 2023 due to lawmakers' failure to agree on a budget, which could negatively impact stocks and economic growth.
### Summary
The impending government shutdown due to a funding dispute between hard-right lawmakers in the House and Democrats could affect various government functions and services, causing delays and closures in areas such as air travel, national parks, and food safety inspections.
There is a possibility of a government shutdown as Congress faces a deadline to pass 12 spending bills, with the most likely scenario being a continuing resolution to extend last year's spending levels for a designated period of time.
The Bureau of Labor Statistics has stated that in the event of a US government shutdown, it will stop releasing key data on inflation and unemployment, which could make it difficult for investors and the Federal Reserve to assess the state of the economy.
The White House warns that a government shutdown at the end of the month could have damaging consequences for the economy, national security, and the American public.
The US government faces a potential shutdown if Congress fails to agree on funding past September 30, which would be the first shutdown since December 2018 and could result in a longer standoff between parties.
Despite the looming government shutdown, federal monthly payments for Medicare, Medicaid, Social Security, and Veterans Affairs will not be impacted.
If Congress fails to provide funding for the fiscal year starting Oct. 1, many U.S. government services would be disrupted, federal workers would be furloughed without pay, and essential workers would remain on the job without pay.
Millions of federal employees and military personnel face the prospect of a government shutdown, which would result in financial hardships for American families, disruptions in services, and potential harm to the economy.
The federal government is likely to face a shutdown that will affect various services, disrupt workers' pay, and create political turmoil as Republicans demand deep spending cuts.
The federal government is at risk of shutting down on October 1 if a last-minute spending deal is not reached, potentially leading to delayed paychecks for millions of federal workers and negative effects on the economy, according to the AP.
If lawmakers fail to pass a budget by October 1, the government will shut down and it could have several negative impacts on the economy, such as furloughed workers, difficulty in obtaining mortgages, and the Federal Reserve lacking important data for monetary policy decisions.
A government shutdown could result in significant disruptions to air travel, delays in food safety inspections, reduced workplace inspections and worker safety risks, closure of museums and national parks, disruptions to student aid programs and federal funding for schools, and delays in federal reimbursements for Meals on Wheels, among other impacts.
The publication of major U.S. economic data, including employment and inflation reports, will be suspended indefinitely if the federal government shuts down due to lack of funding, leaving policymakers, investors, and businesses in the dark for key decision-making.
Google searches about the potential government shutdown in the US are increasing, with a particular interest in how it would affect Social Security, veterans' benefits, and the US dollar.
A U.S. government shutdown would negatively impact its credit assessment and highlight the weakness of its institutional and governance strength compared to other top-rated governments, according to Moody's, although the economic impact would likely be short-lived.
Experts suggest that the crypto industry's most urgent needs, such as SEC decisions on ETF applications and progress in court cases, won't be entirely derailed by a potential government shutdown, although there may be temporary slowdowns and a halt to SEC enforcement against crypto firms. Federal courtrooms are expected to operate normally for a few weeks, and criminal trials will continue, but the progress of cryptocurrency legislation in Congress may be stalled. If the shutdown persists, it may have significant repercussions as unpaid employees leave and government offices exhaust their funds.
The federal government is on the verge of a shutdown, with potential consequences for various areas of governance.
A potential government shutdown looms as Congress struggles to pass a funding bill by Saturday night, which could result in federal workers going without pay and essential services continuing while non-essential services halt.
A government shutdown could have dangerous consequences for the nation's cyber defenses and efforts to combat violent crime, warns Deputy Attorney General Lisa Monaco.
The U.S. is on the verge of a government shutdown as Congress debates spending levels and aid to Ukraine, which could potentially affect government operations and federal workers' paychecks.
A government shutdown is looming, and if lawmakers fail to pass a budget or stopgap measure by September 30, federal agencies deemed non-essential will cease operations, impacting federal workers, government benefits recipients, air travel, and the overall economy.
A government shutdown in the U.S. could cause significant disruptions in the stock and bond markets, with the Securities and Exchange Commission being forced to furlough most of its staff and leaving the market oversight at a "skeletal" crew level.
A government shutdown would severely impact the U.S. Securities and Exchange Commission's ability to approve IPOs and respond to market turmoil, according to its chair, Gary Gensler.
Federal agencies are warning their workers of a possible government shutdown, where employees may not receive pay, if Congress fails to reach a funding deal by the end of September 30th.
The U.S. government is facing a potential shutdown if Congress does not resolve a deadlock by this weekend, which would result in furloughs or unpaid work for federal workers and military employees, but experts believe the impact on the economy and stock market will be short-lived.
As government funding runs out at the end of September, federal government services are at risk of halting until funding resumes, potentially impacting federal workers, nutrition and food assistance programs, national parks, health care, and law enforcement efforts.
A government shutdown due to a short-term spending bill will cause financial hardship for federal employees and contractors, but there are steps they can take such as contacting their landlord or mortgage loan servicer for assistance.
Summarizing the text given, the US is preparing for a government shutdown as the funding deadline approaches, with potential consequences including delays in work authorizations for migrants, impacts on the Federal Aviation Administration, uncertainty in the House regarding a procedural vote, and concerns about the effects on small businesses and border security.
The U.S. government faces a partial shutdown if a bipartisan stopgap spending bill is not passed, leading to the closure of national parks, furloughs of federal workers, and suspension of regulatory activities, as a handful of hardline Republicans reject the bill.
Summary: The potential government shutdown in the US is unlikely to have a significant impact on the stock market, as historical data shows that market returns have been relatively unaffected in the past, and the economic effects of a shutdown are limited with most government workers continuing to receive pay. However, a prolonged shutdown could complicate the Federal Reserve's efforts to control inflation and implement monetary policy changes.
A potential US government shutdown could disrupt the release of important economic data, leading to market volatility and forcing investors to rely on alternative sources of information, potentially impacting monetary policy decisions and delaying key reports such as the October 6 payroll report.
A government shutdown is looming as lawmakers have until the end of the day Saturday to reach a deal or the U.S. will face one of the largest government shutdowns in history, impacting millions of workers and services.
The United States government is at risk of a partial shutdown, which could impact the progress of crypto bills and hinder the functioning of financial regulators.
